7:22 PM,
Nov. 8, 2012

Reno-Sparks metropolitan area?s vacancy rate peaked at about 11 percent in the second quarter of 2009

Written by

Bill O?Driscoll
bodriscoll@rgj.com

Vacancy rates in the greater Reno-Sparks area's apartment sector continued to shrink in the third quarter.

In its most recent Northern Nevada Commercial Investment Real Estate Report, the Johnson Group said the overall apartment vacancy rate fell modestly for the sixth straight quarter in the July-September period.

The latest rate of 4.83 percent continues the decline from 5.64 percent in first quarter 2011, Floyd Rowley, Johnson Group senior vice president, investments, wrote in the report. ...